Operation Economic Outcast is a recipe for success against Iran
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Operation Economic Outcast is a recipe for success against Iran
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Treasury Secretary Scott Bessent on Monday launched what he called Operation Economic Outcast — a global campaign to shut down every last source of financial oxygen feeding a fractured rump regime in Tehran that’s already circling the economic drain.
Combined with the US military’s growing success in covertly moving oil out of the Strait of Hormuz, President Trump will edge one step closer to checkmate against Iran’s Revolutionary Guard when he gives the green light to drop the hammer on nations that ignore America’s final warning.
The United States can’t force other countries to join a bombing run. It can’t compel foreign navies to patrol the Persian Gulf. But it can change economic behavior through the threat and imposition of US secondary sanctions — on private banks, brokers and exchanges, airport authorities and aviation service providers, shippers and insurers, and even state-owned enterprises and government instrumentalities.
The threat of secondary sanctions can shut down trade across land borders and keep airplanes grounded. It can also disrupt the movement of cash, cryptocurrency, goods and services.
Pulling the trigger on these sanctions can be disruptive. It can break a diplomatic........
